What Does Basic Coverage Limit Mean?

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What does Basic Coverage Limit mean? Read on to discover the definition & meaning of the term Basic Coverage Limit - to help you better understand the language used in insurance policies.

Basic Coverage Limit

Basic Coverage Limit

Lowest amount of coverage for which an insurance policy can be written, as prescribed in the insurance legislation or as set by the insurance company.

We hope the you have a better understanding of the meaning of Basic Coverage Limit.

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